FII FnO Data Analysis for 22 Aug

FII’s sold 4 K contract of Index Future worth 157 cores, 958 Long contract were squared off and 3 K short contracts were added by FII’s. Net Open Interest increased by 3 K contract , so FII are going short in index futures and profit booking in long Index Futures.From start of series net on net basis FII are holding just 365 Index longs and 25.1 K Index shorts. So still there bias is on downside.

Nifty is making distribution kind of pattern as we have formed multiple top @ 7919.7923 and 7920 in past 3 trading session, This can also been seen as consolidation after 100 point rise on MOnday. Also on hourly charts broke the channel bottom after 8 trading sessions, which gives initial target of 7800-7784. Als0 EW chart also gives the same target. This all levels get invalidated if Nifty starts trading above 7922 for 1 hour than it can rally till 7960. Weekly closing today Bulls will like to close above 7930 and bears below 7850.

Nifty Future Aug Open Interest Volume is at 1.46 cores with liquidation of 3.6 lakh suggesting long liquidation .VIX being very low suggests bulls are still overconfident and every dip is getting bought into.

with the FII derivative statistic how to find out how many long and how many short are added,as in this post you said 4K contract of index future were shorted.how do we know that how many were squared off and how many short were added. and for total longs and shorts for the series do we need to keep a record of previous day statistics.????